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Frank_ud ea download for mt4
The profitable one will be closed by TakeProfit, and the losing one will be strengthened (by adding lots) at a certain interval. If the trend continues to go in the same direction, strengthen it again. The trend will turn earlier or later.
its automatic trading system..
backtest report
Frank_ud.mq4 6.91 kb, 61 downloads since 2015-01-15
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This Forex EA is a simple trend following EA. It uses a combination of two factors to enter trades:
- The number of open buy and sell orders: The EA will only enter a trade if there are fewer than 11 open orders of the opposite type. This helps to prevent the EA from overtrading.
- The price of the currency pair relative to the stop loss and take profit levels: The EA will only enter a buy trade if the Ask price is above the stop loss level and the take profit level. It will only enter a sell trade if the Bid price is below the stop loss level and the take profit level.
The EA also has a number of safety features to prevent it from losing too much money:
- It will only close a trade if it is profitable or if the stop loss level has been reached.
- It will not open a new trade if the AccountFreeMargin() is less than 50% of the AccountBalance().
- It will retry opening a trade up to 3 times if the initial attempt fails.
Overall, this is a simple but effective Forex EA. It is easy to understand and customize, and it has a number of safety features to prevent it from losing too much money.
Here is a more detailed breakdown of the EA code:
- The first few lines of the code contain the copyright information and the declaration of the global variables tp and sh. These variables control the take profit and stop loss levels, respectively.
- The next section of the code contains two functions: kol_buy() and kol_sell(). These functions simply count the number of open buy and sell orders, respectively.
- The start() function is the main entry point for the EA. It is called every time a new bar is formed on the chart.
- The first few lines of the start() function check if the EA is allowed to trade. If it is not, the function returns immediately.
- Next, the function checks if there are any open orders that need to be closed. If there are, the function closes them.
- The function then checks if there is an opportunity to open a new trade. If there is, the function opens a trade in the direction of the trend.
- The final part of the start() function simply updates the last variable, which is used to track the last time the EA took an action.
Here is a summary of the EA's trading strategy:
- The EA buys if the price is above the stop loss level and the take profit level, and there are fewer than 11 open sell orders.
- The EA sells if the price is below the stop loss level and the take profit level, and there are fewer than 11 open buy orders.
- The EA closes a trade if it is profitable or if the stop loss level has been reached.
- The EA will not open a new trade if the AccountFreeMargin() is less than 50% of the AccountBalance().
- The EA will retry opening a trade up to 3 times if the initial attempt fails.
Frank_ud.mq4 6.91 kb, 9 downloads since 2023-11-05
TesterGraph_1.gif 8.69 kb, 15 downloads since 2023-11-05
TesterGraph_1.gif 8.69 kb, 15 downloads since 2023-11-05
AI Forex robot (Trade Executor EA)
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